West Bengal Finance Minister Amit Mitra said that in the last four years, the Trinamool Congress (TMC) government had to spend Rs 76,000 crore on debt servicing, a legacy of the erstwhile Left government.
In real terms, the present government has taken only Rs 6,000 crore loans in the last four years, which was a very meagre amount compared to the previous government, he said.
The Chief Minister, Ms Mamata Banerjee has maintained that she inherited a huge debt left behind by the erstwhile Left government.
Dr Mitra explained how the state government had been able to multiply expenses in the sectors like social infrastructure, development of physical infrastructure, state plan expenses and capital expenditure.
The government has been able to raise the growth of Gross State Domestic Product (GSDP) above 5 per cent successively in the last four years of TMC rule as against below 5 per cent registered by the previous Left regime.